South Indian Bank SBI Platinum Credit Card
Rewards & Benefits
Welcome Benefits
Users will get a voucher worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Milestone Benefits
Milestone Benefits: Users will get a voucher worth Rs 3,000 on spending Rs Rs 4 Lakhs and Rs Rs 5 Lakhs every year.
Cashback Rate
Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores.
Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%.
Earn 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR 2,999 + Taxes
Annual Fee
INR 2,999 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher.
Interest rate
3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges: 0 to 1300
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 2,999 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Cons
Low general cashback rate.
No free movie tickets.
Limited value add benefits.
Welcome Benefit: Users will get a voucher worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: Users will get a voucher worth INR 3,000 on spending INR 4 lakhs and INR 5 lakhs every year.
2 free domestic airport lounge visits every quarter in India.
Free membership to the priority pass program worth $99.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the South Indian Bank SBI Platinum Credit Card:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to South Indian Bank SBI Platinum Credit Card.
Click on "Apply Now" button and fill out the online application form with all your details.
Upload the requisite documents, such as proof of identity, proof of address, and proof of income.
Submit the application form.
2. Offline:
This method involves visiting a South Indian Bank branch.
Ask for the South Indian Bank SBI Credit Card application form.
Fill out the form with all of your details.
Attach the requisite documents.
Submit the application form to the bank.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an SBI Card Prime application form.
The bank will then send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get a voucher worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: Users will get a voucher worth INR 3,000 on spending INR 4 lakhs and INR 5 lakhs every year.
2 free domestic airport lounge visits every quarter in India.
Free membership to the priority pass program worth $99.
Low general cashback rate.
No free movie tickets.
Limited value add benefits.
The card offers a low cashback rate of 1.25% on dining and departmental store spends. It offers free domestic airport lounge visits and priority pass membership. Overall it does not have much to offer.
The card offers a low cashback rate of 1.25% on dining and departmental store spends. It offers free domestic airport lounge visits and priority pass membership. Overall it does not have much to offer.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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